Visteon Co. (NASDAQ:VC) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,620 shares of the company's stock after selling 5,819 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.20% of Visteon worth $4,935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VC. American Century Companies Inc. increased its stake in shares of Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after acquiring an additional 536,073 shares in the last quarter. Norges Bank purchased a new position in shares of Visteon during the 4th quarter valued at about $29,468,000. Price T Rowe Associates Inc. MD increased its stake in Visteon by 78.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock worth $29,850,000 after buying an additional 147,685 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after buying an additional 124,897 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Visteon in the fourth quarter worth about $10,170,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VC shares. JPMorgan Chase & Co. lifted their price target on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. The Goldman Sachs Group reiterated a "neutral" rating and set a $74.00 price objective (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Royal Bank of Canada cut their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Guggenheim decreased their price target on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird boosted their price target on Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Visteon presently has a consensus rating of "Hold" and an average target price of $96.25.

Visteon Stock Performance

Shares of Visteon stock traded down $1.19 during trading on Friday, hitting $82.81. 78,500 shares of the company's stock were exchanged, compared to its average volume of 311,497. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 0.42 and a beta of 1.23. The business has a 50-day simple moving average of $78.30 and a 200-day simple moving average of $84.41. Visteon Co. has a 52-week low of $65.10 and a 52-week high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.70. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company's revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.61 EPS. On average, research analysts forecast that Visteon Co. will post 8.42 EPS for the current year.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.